Today it was reported that the SVP of Archer Daniels Midland (NYSE: ADM), Michael Ambrose, exercised options to sell 100,151 ADM shares at $28.44 a share, for a total transaction value of $4.84M.
Following Michael Ambrose’s last ADM Sell transaction on November 02, 2016, the stock climbed by 3.3%.
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Based on Archer Daniels Midland’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $17.04 billion and quarterly net profit of $566 million. In comparison, last year the company earned revenue of $14.94 billion and had a net profit of $276 million. ADM’s market cap is $26.89B and the company has a P/E ratio of 14.03. Currently, Archer Daniels Midland has an average volume of 4.14M.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $52.25, reflecting a -7.8% downside. Four different firms, including Citigroup and J.P. Morgan, currently also have a Sell rating on the stock.
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Archer-Daniels-Midland Co. processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Oilseeds Processing, Corn Processing, Wild Flavors & Specialty Ingredients and Agricultural Services.
